annual report online the annual report for 2012 is on SEDAR
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027886
I had a quick look at the MD&A but could not find anything substantial new
"As at December 31, 2012, Stans had a net working capital of $13,501,755"
so enough money in the bank to weather the storm!!
some other extracts from the document:
Exploration and Development Activities in 2012
Feasibility study
. The company has engaged Ecoservice LLC to design a 14.5 thousand m3 tailings
impoundment and to design a 1 million tonne per year mill. Asiarudproject CJSC has been engaged for the
engineering of a new mine design that will assess the combined open-pit and underground mine options to
determine feasibility.
Information Research Centre LLC (IRC) in association with the Russian Scientific Research Institute of
Chemical Technology (VNIIHT) successfully developed and tested a process flow sheet for milling of
Kutessay II ore, including two-stage gravity preparation with concentrate finishing employing flotation. The recommended flow sheet achieved 65% TREE recovery and a minimum 5% TREE content of concentrate. VNIIHT has successfully tested a contained, environmentally friendly process for extracting thorium, radium and fluorine from Kutessay II RE concentrates. VNIIHT’s new cracking method yielded a greater recovery of REs from historical concentrates – 95% at the impurity removal stage, and 93% at the nitrate creation stage.
The final product of these tests was a 98% pure combined RE Oxide (REO) nitrate solution. VNIIHT is
further conducting a study to selectively extract each of the most valuable REOs: dysprosium, terbium,
neodymium, europium, and lutetium.
Stans’ new milling, cracking, and separation methods will likely replace the historical process previous used at the Company’s Kashka Rear Earth Processing Plants 1, and part of Plant 2. Results from this process will be incorporated into Stans’ ongoing feasibility work.
Please have a look the document yourself!!